Question # 1

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

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Commission

Rent

Intrest

Carriage

Drawee of bank draft is.

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Creditor

Debtor

Issuing bank

Paying bank

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

What kind of power does commercial bank possess regarding credit creation

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Unlimited power

Limited power

No power

All the above are possible

If credit money is controlled by the sale and purchase of government securities, it is called

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Direct action

Moral persuation

Change in reserve ration

Open market operation

Temples were used as early banks in.

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Italy

Room

Greece

Iraq

Bill brokers and discount houses work in.

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_{Open market}

Capital market

Money Market

None of these

The main sources of bank's fund are

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Own capital

Deposits

Loan from other banks

All the above

The L.C. which is accompanied by some documents is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Simple L.C.

How many products of E banking

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5

6

7

8

Investiment trusts and finance houses.

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As open market

Money market

Capital market

None of these

Credit instrument drawn by one bank on another bank is called

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Cheque

Bills of exchange

Bank draft

Treasury bill

The statement of Pakistan was inaugurated by:

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Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

If there is no gurantee to honour the L.C. It is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Unconfirmed L.C.

The Governor of SBP is oppointed for.

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Five years

Four years

Three years

Two years

Draft Drawn and paid in two differnet countries is called.

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Foreign draft

Demand draft

Local draft

None of these

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Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers

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